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Portugal Downgrade to Spark a Down Day for EUR/USD?

posted by Avatar fxhottie 437 days ago in USD, EUR, Technical

Good morning Forex fanatics! Going through the Euro section of FreshPips.com, I saw that Moody's just cut Portugal's credit rating down two steps. Time for an intraday short play on EUR/USD?  read more
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Euro Weakens as Moody's Cuts Portugal's Credit Rating

posted by Avatar fxhottie 437 days ago in EUR, Fundamental, Daily

The euro halted three days of gains versus the dollar after Moody’s Investors Service downgraded Portugal’s credit rating, reviving concern about Europe’s ability to solve its debt crisis.  read more
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The Super Basics of Forex Trading and Taxes

posted by Avatar fxhottie 440 days ago in Weekly made popular 440 days ago

People say only two things in the world are constant: death and taxes. In the Forex market, I guess you could say the same thing, except that death comes in the form of losses and taxes are...well, still taxes.  read more
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EU Summit Clash Looms as Irish PM Rejects Merkel Terms

posted by Avatar fxhottie 440 days ago in EUR, Fundamental, Daily made popular 440 days ago

Irish Prime Minister Enda Kenny rebuffed German Chancellor Angela Merkel’s conditions on easing bailout terms, setting up a clash as European Union leaders struggle to break a deadlock on tackling the debt crisis.  read more
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Will Cable Return to an Uptrend?

posted by Avatar fxhottie 446 days ago in USD, GBP, Technical made popular 446 days ago

Good evening Forex fanatics! I thought I'd start off the week with a swing trade idea on Cable. After re-testing the strong resistance at last week's PWH and failing, the pair seems like it's on its way to test a potential support area created by  read more
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The Basics of the Olsen Scale

posted by Avatar fxhottie 448 days ago in Technical, Weekly made popular 447 days ago

And I'm back to exposing forex industry secrets! This week I give you the lowdown on what the Olsen Scale is, and why it's helping a lot of traders gain more pips...  read more
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Keeping Score

posted by Avatar fxhottie 449 days ago in Weekly, Trading Psychology made popular 449 days ago

When keeping a journal, it ain't enough to just scribble your trade ideas and record the results of those trades. You also need to know what to do with the data that you have and how to interpret it to help you improve as a trader.  read more
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Potential Resistance Play Setup on Cable?

posted by Avatar fxhottie 452 days ago in GBP, Technical, Fundamental made popular 452 days ago

Good evening! It's been a hot minute since I've posted as Forexgump called me away back to Piptropolis for an emergency...he didn't know to set his DVR to record the Oscars! WTH! So, I'm back with a day trade idea to play upcoming UK data. Check  read more
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Sterling Reaches 13-Month High Versus Dollar

posted by Avatar fxhottie 452 days ago in GBP, Fundamental, Inflation

The pound strengthened to above $1.63 for the first time since January 2010 after an unexpected rise in U.K. house prices and manufacturing sentiment at a record high boosted speculation that interest rates may rise.  read more
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How's I'm setting up the EUR/USD (distribution!) exhaustion

posted by Avatar pipSyGirl 454 days ago in USD, EUR, Technical made popular 454 days ago

This set up is a classic distribution fade or "inside-the-range" short entry that will remain valid as long as the bears can maintain selling pressure at and below the February 2 high at 1.3861.  read more
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Channel Break Higher on Cable

posted by Avatar fxhottie 466 days ago in USD, GBP, Technical made popular 466 days ago

Inflation data from the Bank of England today was enough to get traders to push GBP/USD higher out of a short-term channel lower. Is the consolidation over and is Cable ready to move higher?  read more
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3 Ways to Deal with Sovereign Debt

posted by Avatar keiragabe 469 days ago in Fundamental, Daily made popular 468 days ago

Sovereign debt this, contagion that, bailout those... The economic and financial crisis has produced an increase in public debt in major economies that we have never seen before. I've talked about them repeatedly, discussing the finances of U.S.,  read more